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COPT Defense Properties (NYSE:CDP ) Q1 2025 Results Conference Call April 28, 2025 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President and Chief Executive Officer Britt Snider - Executive Vice President and Chief Operating Officer Anthony Mifsud - Executive Vice President and Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo Seth Bergey - Citigroup Global Markets Anthony Paolone - JPMorgan Manus Ebbecke - Evercore ISI Richard Anderson - Wedbush Securities Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Tom Catherwood - BTIG Steve Sakwa - Evercore ISI Operator Good day, ladies and gentlemen. Welcome to the COPT Defense Properties First Quarter 2025 Results Conference Call.